This document discusses internet trends and innovation. It begins by quoting several predictions from the past that underestimated the growth of computing and the internet. The document then notes that it is difficult to predict major innovations but that consumers often lead new developments. Connecting people has proven to be a key application for the internet. While monetization strategies are unclear, innovation should focus on applications and business models. Intuition is not always reliable so one should try new ideas and innovations. The document concludes by thanking the audience and noting future topics could involve digital identity and individualism online.